Updated Dec 4, 2024
Bill Kennedy Sells Industrial Property In Orlando For $8.3M
4121 34th Street
$8,300,000
$98/SF
Building Size
84,562 SF
Asset Type
MultiFamily
Closing
May 20, 2024
About this deal
AI
The industrial property located at 4121 34th Street in Orlando was sold for $8,300,000. Spanning 84,562 square feet, the property was acquired at a price per square foot of $98. The sale was facilitated by Jade Hernandez, Raul Pino, and Pablo Vignolo from The Hype Real Estate Group, representing the seller, Bill Kennedy.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $8,300,000
- Market: Orlando
- Square Footage: 84,562
- Seller: Bill Kennedy
- Brokers: Jade Hernandez, Raul Pino, Pablo Vignolo - The Hype Real Estate Group
The brokers who facilitated the sale, Jade Hernandez, Raul Pino, and Pablo Vignolo, specialize in sourcing industrial, retail, multifamily, and land properties throughout Florida, Georgia, and North Carolina. They have an off-market pipeline and welcome inquiries from potential buyers of all sizes, offering a range of exclusive deals in their inventory. Interested parties can contact them at 786-503-5583 or 305-303-3837. The brokers emphasize their dedication to assisting clients in closing deals and highlight their diverse portfolio of off-market opportunities.
Players
Orlando MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.91%
Cash-on-Cash
-0.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93